TETON Westwood Balanced Fund

Schedule of Investments — December 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 67.2%
		Aerospace — 1.3%
	3,702	L3Harris Technologies Inc.	$	699,752
		Automotive: Parts and Accessories — 1.1%
	1,363	O’Reilly Automotive Inc.†		616,853
		Banking — 1.9%
	11,900	Bank of America Corp.		360,689
	5,456	JPMorgan Chase & Co.		693,294
				1,053,983
		Broadcasting — 2.0%
	6,821	Liberty Broadband Corp., Cl. C†		1,080,242
		Business Services — 1.8%
	4,471	Visa Inc., Cl. A		977,942
		Computer Software and Services — 16.4%
	2,745	Accenture plc, Cl. A		717,021
	8,105	Activision Blizzard Inc.		752,549
	496	Alphabet Inc., Cl. A†		869,309
	9,175	Apple Inc.		1,217,431
	2,934	CACI International Inc., Cl. A†		731,534
	5,400	Cadence Design Systems Inc.†		736,722
	19,821	Cisco Systems Inc.		886,990
	3,473	Facebook Inc., Cl. A†		948,685
	5,494	Fiserv Inc.†		625,547
	9,933	Micron Technology Inc.†		746,763
	3,959	Microsoft Corp.		880,561
				9,113,112
		Consumer Products — 1.5%
	6,694	Church & Dwight Co. Inc.		583,918
	2,997	Colgate-Palmolive Co.		256,273
				840,191
		Consumer Services — 1.9%
	327	Amazon.com Inc.†		1,065,016
		Diversified Industrial — 3.7%
	2,920	Eaton Corp. plc		350,809
	9,325	Fortive Corp.		660,397
	1,831	Honeywell International Inc.		389,454
	8,821	Westinghouse Air Brake Technologies Corp.		645,697
				2,046,357
		Electronics — 3.0%
	2,013	Monolithic Power Systems Inc.		737,221
	5,672	Texas Instruments Inc.		930,945
				1,668,166
		Energy and Energy Services — 0.6%
	6,981	EOG Resources Inc.		348,142
		Energy: Integrated — 2.7%
	5,361	DTE Energy Co.		650,879
	4,236	NextEra Energy Inc.		326,807
	5,735	WEC Energy Group Inc.		527,792
				1,505,478
		Energy: Oil — 0.6%
	8,007	ConocoPhillips		320,200
		Entertainment — 2.2%
	6,867	The Walt Disney Co.†		1,244,163
		Equipment and Supplies — 1.3%
	5,605	Amphenol Corp., Cl. A		732,966
		Financial Services — 1.9%
	8,278	American International Group Inc.		313,405
	2,572	Assurant Inc.		350,358

Shares			Market Value
	6,919	The Charles Schwab Corp.	$	366,984
				1,030,747
		Food and Beverage — 1.1%
	6,310	Hormel Foods Corp.		294,109
	2,226	PepsiCo Inc.		330,116
				624,225
		Health Care — 8.3%
	5,945	Abbott Laboratories		650,918
	3,547	Becton, Dickinson and Co.		887,530
	8,052	Johnson & Johnson		1,267,224
	7,585	Medtronic plc		888,507
	2,649	UnitedHealth Group Inc.		928,951
				4,623,130
		Real Estate — 1.1%
	3,039	Prologis Inc., REIT		302,867
	1,365	Public Storage, REIT		315,219
				618,086
		Retail — 7.4%
	15,010	CVS Health Corp.		1,025,183
	3,481	McDonald’s Corp.		746,953
	4,970	NIKE Inc., Cl. B		703,106
	3,029	The Home Depot Inc.		804,563
	5,625	Walmart Inc.		810,844
				4,090,649
		Semiconductors — 1.1%
	1,124	NVIDIA Corp.		586,953
		Telecommunications — 2.7%
	4,281	Motorola Solutions Inc.		728,027
	5,633	T-Mobile US Inc.†		759,610
				1,487,637
		Transportation — 1.6%
	4,345	Union Pacific Corp.		904,716
		TOTAL COMMON STOCKS		37,278,706
		MANDATORY CONVERTIBLE SECURITIES (a) — 0.7%
		Health Care — 0.7%
	3,400	Boston Scientific Corp.Ser. A, 06/01/23		372,538
Principal Amount
		CORPORATE BONDS — 18.0%
		Aerospace — 0.5%
$	255,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 4.450%, 10/01/25		284,216
		Banking — 2.6%
	750,000	Fifth Third Bancorp, 2.375%, 01/28/25		799,094
	600,000	The Goldman Sachs Group Inc., MTN, 3.850%, 07/08/24		663,710
				1,462,804
		Diversified Industrial — 1.0%
	510,000	Cabot Corp., 4.000%, 07/01/29		552,809
		Energy and Energy Services — 1.0%
	235,000	Energy Transfer Operating LP, 6.250%, 04/15/49		284,656

1

TETON Westwood Balanced Fund

Schedule of Investments (Continued) — December 31, 2020 (Unaudited)

Principal Amount		Market Value
	CORPORATE BONDS (Continued)
	Energy and Energy Services (Continued)
$260,000	Plains All American Pipeline LP / PAA Finance Corp., 3.800%, 09/15/30	$	279,848
			564,504
	Energy: Oil — 0.5%
275,000	MPLX LP, 2.650%, 08/15/30		288,682
	Financial Services — 2.7%
138,000	American Honda Finance Corp., MTN, 1.000%, 09/10/25		140,203
140,000	Berkshire Hathaway Finance Corp., 2.850%, 10/15/50		150,390
600,000	Capital One Financial Corp., 3.750%, 04/24/24		657,730
405,000	Owl Rock Capital Corp., 3.400%, 07/15/26		411,104
118,000	Schlumberger Finance Canada Ltd., 1.400%, 09/17/25		121,510
			1,480,937
	Food and Beverage — 0.8%
380,000	The J.M. Smucker Co., 3.550%, 03/15/50		430,839
	Health Care — 4.4%
600,000	Aetna Inc., 3.500%, 11/15/24		659,216
750,000	Amgen Inc., 2.200%, 02/21/27		804,460
800,000	CVS Health Corp., 3.250%, 08/15/29		901,988
54,000	Gilead Sciences Inc., 1.650%, 10/01/30		54,304
			2,419,968
	Hotels and Gaming — 0.5%
235,000	Marriott International Inc., 4.625%, 06/15/30		276,084
	Real Estate — 0.8%
150,000	Essex Portfolio LP, 3.000%, 01/15/30		164,814
265,000	VEREIT Operating Partnership LP, 2.850%, 12/15/32		277,373
			442,187
	Retail — 0.4%
200,000	AutoZone Inc., 1.650%, 01/15/31		198,730
	Semiconductors — 0.5%
235,000	Broadcom Inc., 4.150%, 11/15/30		272,623
	Telecommunications — 0.5%
270,000	Charter Communications Operating LLC / Charter Communications Operating Capital, 3.700%, 04/01/51		281,405

Principal Amount			Market Value
		Transportation — 1.8%
$	875,000	AP Moller - Maersk A/S, 4.500%, 06/20/29	$	1,026,979
		TOTAL CORPORATE BONDS		9,982,767
		CONVERTIBLE CORPORATE BONDS — 3.5%
		Computer Software and Services — 1.5%
	400,000	Medallia Inc., 0.125%, 09/15/25		445,785
	350,000	Splunk Inc., 1.125%, 06/15/27		365,524
				811,309
		Energy: Integrated — 0.5%
	205,000	SolarEdge Technologies Inc.,
		Zero Coupon, 09/15/25		282,300
		Health Care — 0.8%
	325,000	Exact Sciences Corp.,
		0.375%, 03/15/27		451,375
		Security Software — 0.7%
	300,000	Akamai Technologies Inc.,
		0.125%, 05/01/25		372,794
		TOTAL CONVERTIBLE
		CORPORATE BONDS		1,917,778
		U.S. GOVERNMENT AGENCY OBLIGATIONS — 3.0%
		Federal Home Loan Mortgage Corp. — 0.4%
	212,900	3.500%, 08/01/49		224,681
		Federal National Mortgage Association — 2.6%
	1,100,000	2.625%, 09/06/24		1,196,807
	204,285	3.500%, 07/01/49		215,874
				1,412,681
		TOTAL U.S. GOVERNMENT AGENCY
		OBLIGATIONS		1,637,362
		U.S. GOVERNMENT OBLIGATIONS — 7.1%
		U.S. Treasury Bonds — 3.2%
	450,000	2.500%, 02/15/45		536,783
	700,000	2.500%, 05/15/46		836,473
	350,000	2.250%, 08/15/46		399,629
				1,772,885
		U.S. Treasury Notes — 3.9%
	500,000	2.250%, 08/15/27		554,541
	675,000	2.250%, 11/15/27		749,593
	545,000	2.625%, 02/15/29		625,728
	225,000	2.375%, 05/15/29		254,320
				2,184,182
		TOTAL U.S. GOVERNMENT OBLIGATIONS		3,957,067
Shares
		SHORT TERM INVESTMENT — 0.5%
		Other Investment Companies — 0.5%
	298,290	Dreyfus Treasury Securities Cash Management,
		0.010%*		298,290
		TOTAL INVESTMENTS — 100.0%     (Cost $47,075,343)
			$	55,444,508

2

TETON Westwood Balanced Fund

Schedule of Investments (Continued) — December 31, 2020 (Unaudited)

* 1 day yield as of December 31, 2020.

(a) Mandatory convertible securities are required to be converted on the dates listed; they generally may be converted prior to these dates at the option of the holder.

† Non-income producing security.

MTN Medium Term Note

REIT Real Estate Investment Trust

3